JPMorgan Chase & Co. Raises Stock Position in Franklin Covey Co. (NYSE:FC)

JPMorgan Chase & Co. raised its stake in shares of Franklin Covey Co. (NYSE:FC) by 180.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,206 shares of the business services provider’s stock after purchasing an additional 20,716 shares during the period. JPMorgan Chase & Co. owned 0.24% of Franklin Covey worth $1,210,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FC. New York State Teachers Retirement System acquired a new stake in Franklin Covey during the 4th quarter worth $38,000. R Squared Ltd purchased a new position in shares of Franklin Covey in the fourth quarter worth about $57,000. Wiser Advisor Group LLC boosted its position in Franklin Covey by 100.2% during the fourth quarter. Wiser Advisor Group LLC now owns 1,812 shares of the business services provider’s stock worth $68,000 after acquiring an additional 907 shares during the last quarter. AlphaQuest LLC purchased a new stake in Franklin Covey during the 4th quarter valued at about $169,000. Finally, Intech Investment Management LLC acquired a new stake in Franklin Covey in the 4th quarter valued at about $203,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

Franklin Covey Stock Performance

Franklin Covey stock opened at $20.82 on Friday. The stock has a market cap of $270.41 million, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $26.59 and a 200-day simple moving average of $33.46. Franklin Covey Co. has a 1-year low of $18.94 and a 1-year high of $44.46.

Franklin Covey (NYSE:FC) last posted its earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. The company had revenue of $59.61 million during the quarter, compared to analysts’ expectations of $62.24 million. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. On average, analysts expect that Franklin Covey Co. will post 0.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FC. Barrington Research restated an “outperform” rating and issued a $35.00 price target on shares of Franklin Covey in a research report on Thursday, April 10th. StockNews.com downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 11th.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.